Why isn't lobbying illegal in the cryptocurrency industry?

3 answers

• Dec 28, 2021 · 3 years ago
  Lobbying is not illegal in the cryptocurrency industry because it is considered a legitimate form of advocacy and communication between industry participants and policymakers. It allows cryptocurrency companies and organizations to express their views, educate lawmakers, and influence the development of regulations that are fair and beneficial for the industry. However, lobbying activities should be transparent and follow ethical guidelines to prevent any undue influence or corruption.
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• Dec 28, 2021 · 3 years ago
  The cryptocurrency industry is relatively new and rapidly evolving, which makes it important for stakeholders to have a voice in shaping regulations. Lobbying provides an avenue for industry players to engage with lawmakers and regulators, ensuring that their concerns and perspectives are taken into account. While there may be debates about the influence of lobbying, it remains a legal and accepted practice in many industries, including cryptocurrencies.
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• Dec 28, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, believes that lobbying can play a constructive role in the industry. It allows for open dialogue and collaboration between regulators, policymakers, and industry participants. By engaging in lobbying activities, the cryptocurrency industry can work towards creating a balanced regulatory framework that fosters innovation, protects investors, and ensures the industry's long-term growth. However, it is crucial for lobbying efforts to be transparent, accountable, and aligned with the best interests of the entire ecosystem.
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